NBB reports $37.1m Q3 net profit
National Bank of Bahrain (NBB) has reported a 12.5% decrease in its net profit attributable to equity shareholders to BD14…
Financial Results
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Oman's share index ends marginally lower
The MSM index closed at 3,563.92 points, down 0.01 per cent from the previous close. The Sharia Index ended down…
UAE's biggest bank FAB posts 19% drop in Q3 net profit
First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported a 19% fall in quarterly profit on Monday, dragged…
Oman records decrease in general deficit of 2019 budget
The general deficit of the Sultanate’s budget in 2019 recorded a decrease of six per cent. According to the…
Arab Bank posts $215.2 million net profit in 9 months
Arab Bank Group reported net income after tax of $215.2 million for the nine months of 2020, compared to $668.9…
Saudi's Al Rajhi Bank reports 3% drop in third-quarter profit
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 3% drop in third-quarter net profit on Sunday, but…
Boubyan Bank records operating profits ended September 2020
Boubyan Bank has announced KD 70 million in operating profits for the nine months ended September 2020, despite the exceptional…
National Bank of Kuwait's Q3 net profit drops 38% on bad debt provisioning
National Bank of Kuwait , the country's biggest lender, on Monday reported a 38% drop in third-quarter net profit, hit…
Sukuk issuance seen recovering from COVID stress
Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from…
Turkey holds rates in a surprise decision
Turkey’s central bank bucked expectations for a big interest rate hike yesterday and sent the lira falling to a record…
RAKBank nine-month 2020 net profits down to Dh438.64m as provisions cross Dh1b mark
Third quarter profits at RAKBank were down to Dh132.02 million, from Dh284.48 million a year ago, with higher provisions being…
QIB successfully closes $750m 5-year Sukuk
Qatar Islamic Bank, rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully closed a $750m 5-year Sukuk with a profit…